BOC Hong Kong (Holdings) Full Year 2023 Earnings: In Line With Expectations

BOC Hong Kong (Holdings) (HKG:2388) Full Year 2023 Results

Key Financial Results

• Revenue: HK$59.2b (up 8.4% from FY 2022).
• Net income: HK$34.1b (up 26% from FY 2022).
• Profit margin: 58% (up from 50% in FY 2022). The increase in margin was primarily driven by lower expenses.
• EPS: HK$3.10 (up from HK$2.56 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

BOC Hong Kong (Holdings) Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Hong Kong.

Performance of the Hong Kong Banks industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with BOC Hong Kong (Holdings).

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